Hoodwinked: The Myth of Free Trade
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@ProIndividual Then why did the U.S. do (mostly) just fine with nearly 200 years with tarriffs? 30 years without them and the entire economy is in the shithole....the jobs are gone. I think you've been reading too much corporate propaganda.
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Free trade is not bad. Are we really suggesting that comparative advantage, absolute advantage, The Broken Window Fallacy, labor set free, the fallacy of trade deficits, the fallacy of borders and trade, and the subjective theory of value aren't real? If free trade is so bad, then get rid of all immigrant labor, all outsourcing, all mechanical advances that take jobs, throw up tariffs, and run trade balance or trade surpluses. When your done collapsing your economy, hoola back at me.
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@Scientisticsoviet Your comment was fine. If more Americans thought the way you do, America would not have elected a socialist for president!
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@RockStudioLive I hope my reaction was appropriate... I laughed, thinking of course that was sarcasm.
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@Scientisticsoviet Free men, free speech, free markets.
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@RockStudioLive And reinvest that extra production. In a farm situation that means making more people and having someone make and repairs tools.
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free trade just allows corporations to increase profits --temporarily--through lowering wages. We are at the tail end of "free trade" and we be moving back toward "tariffs". The middle --lower classes are broke and fearful of losing jobs and will only use credit to default on it. US Corporations have been "firing" their customers for about 25-30 years and they will reap what they sow.....lower US revenues. Hardship and lower standards of living for decades to come for most Americans.
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@WideWorldOfWisdom It's part of obsessive compulsive behaviour. Look are your last three posts.
You have been answered.
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Free trade with primarily European country's is healthy. Free trade with 3rd world slave labor country's like Mexico and China is devastating to our standard of living. By its nature it brings our standard of living towards theirs.
masteropie001 3 years ago 5
Sure that's why we are currently funding China's industrial revolution and our manufacturing sucks.
LouGrimaldi 2 years ago 4